Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Ridsdale to become Plymouth owner

Tue 5th Jul 2011 | Clubs Ownership

Peter Ridsdale is expected to take full control of Plymouth Argyle when a deal with a consortium to acquire the club's property assets is completed.

It’s reported that the former Leeds, Barnsley and Cardiff chief executive will pay just £1 to become sole shareholder of a new company controlling the club.

Speaking to BBC Sport a spokesman for Plymouth said that a deal was very close, and relies on the administrators approving it.

It is expected the land surrounding Home Park and the ground itself will be sold to an Irish consortium, who are being advised by Truro City chairman Kevin Heaney.

"Once that bid happens, immediately afterwards the club will become Peter Ridsdale's," the spokesman told BBC Sport.

Ridsdale told BBC Spotlight: "The contracts were sent back to the respective parties on Friday night.

"We're just waiting to hear this morning if there are any final amendments,” he added.

"Whether that'll be this morning, this afternoon or tomorrow morning I don't know, but it is very close now."

Once the takeover is complete Ridsdale will then need to go to the Football League and prove that the club is fit to be taken out of administration.

"That's not a simple process but I think our objective is to do that by 6 August," Ridsdale added.

---------------------------------------------------------------------------------------------------

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

 

 

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Massimo Cellino Leaves Leeds After Takeover

Wed 24th May 2017 | Clubs Ownership

Andrea Radrizzani has completed his takeover of Leeds United after purchasing Massimo Cellino’s 50% stake in the club. Radrizzani, who purchased 50% of the club in January, has acquired the...

EFL Approve Chinese Investment At Reading

Wed 17th May 2017 | Clubs Ownership

EFL approval granted as Chinese investors Dai Yongge and Dai Xiu Li take majority shareholding of club. Reading Football Club has confirmed Chinese brother and sister, Dai Yongge and Dai Xiu Li, have...

Hartlepool United Chairman Announces Resignation

Thu 4th May 2017 | Clubs Ownership

Hartlepool United’s Chairman, Gary Coxall has announced his resignation from the League Two club. The club faces relegation from the Football League for the first time in their history this...

Sam Rush Sacked By Derby County

Thu 4th May 2017 | Clubs Ownership

Sam Rush, President and Chief Executive Officer of Derby County has been sacked by the club it was announced yesterday. A brief statement released by the club read: “Derby County Football Club...